$($Please don't answer from ChatGPT or Google Bard$)$ Match each corporate$-$level generic strategy with the statement that best matches its definition.

Group of answer choices $($given below from $1$ to $8)$

Market Penetration

Market Development

Product Development

Merger

Acquisition

Diversification

Divestment

Retrenchment

$1.$ Purchasing another company.

$2.$ Selling part of a firm's operations.

$3.$ Creating new products for existing markets.

$4.$ Joining two companies into one.

$5.$ Increasing market share with existing products.

$6.$ Selling existing products in new markets.

$7.$ Entering a new industry.

$8.$ Shrinking a$$business$$unit$.$